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. no. 4, ordinance amending the san francisco business and tax regulation code article 12a by amending section 906.5 to priest the payroll expense tax exclusion for small business net new payroll for years 2012 through 2015 from terminating in event that the voters of the city and county of san francisco pass a gross receipts tax. >> thank you victor. we have legislationoff aide to supervisor farrell, catheryn stephanie, welcome. >> good morning, supervisors, cathery stephanie, lengthiest aide to supervisor farrell. what have you before you is clean-up legislationings that follows our payroll tax exclusion legislation that was drafted before the gross receipts ballot language was finalized and submitted. so it was originally drafted and legislation will actually terminate upon passage of the gross receipts tax prior to the end of 2012. of course that is assuming that proposition e does pass on november 6th. this legislation before you amends it, so it no it longer terminates november 6th and allows the exemption to remain in effect for tax years 2012-2015. if the gross receipts tax
as possible and do that by getting government out of the way with all its red tape and regulations and taxes and union work rules that increase the cost of housing. that would be a better way to get affordable housing, not bringing back this redevelopment agency with its legacy of driving african americans out of the fillmore and they had slated more than half the bay area for redevelopment before they were shut down. >> anything you'd like to add, peter? >> there's a number of assertions from my opponent that are based in a misunderstanding how affordable housing works in san francisco in this particular measure. unfortunately there's not enough time to tackle all of them, but i want to make clear this is not subsidizing middle income home owners. this is going to go primarily for low and very low householders in san francisco. that has always been the programmatic focus because you can leverage funding. we live in a high income market and that is exactly why we have an affordable sector in this city. when it comes it recreating redevelopment, that's a fallacy. it's about recognizing t
taxes by $600 million. not as much as i would have liked, but we did. tim trying to raise taxes. we also reduced the size of the state work force by 9000. there were over 300,000 net new jobs created. i use all of my time i could for jobs and recruiting investment to virginia. tim was out running around the country advocating for obama's policies as well as raising money and trying to get folks like harry reid and nancy pelosi reelected. when he was governor, over 100,000 jobs were lost. i have worked across party lines. i want to work with republicans and democrats to get this economy going. i think we can find common ground to make sure our tax laws are more competitive and simple. if we do that, i think we will send a message to the world america is open for business again. >> i think what the audience sought is he was asked a question about his senate record and he was talking about being governor. he is running for reelection to the united states senate. he had a fiscal irresponsibility. george came into the united states senate with historic surpluses. we were in great shape. by th
really pre-dates the idea of the phase-out of the payroll tax and the gross receipts proposal and if it was not changed it would basically prevent many if not most small businesss from ever taking advantage of this exclusion. what it would really do is say that that in order for a business to take advantage of the exclusion, their actual payroll tax liability would have to increase from one year to the next even though the rate was going down. so in 2014, that would mean that a business would have to grow its payroll by 10% before it could start to take dollar 1 of exclusion by 2015, that number is unknown. but it could be 25% before that number is -- before that threshold is reached and the business could take advantage of the exclusion. it's my understanding and this is not a recommendation from our office, but it's not my understanding that is not the supervisors' intent with the legislation. i was merely asked to draft alternative language, which you have before you. >> okay. thank you very much. we'll go to the budget am, analyst, mr. rose. . >> [pwha-eus/]ed on the
construction workers back to work. why? it would have been an increase in taxes, not for most people, but for those who make a million dollars or more. making the investments in education, making the investments in research, and we make those investments together and build a future. that is what it will take over the long run to build a stronger future here in western massachusetts, all across the commonwealth, and all across the country. >> thank you. before i start, i want to thank the mayor for your endorsement and support. thank you both for coming. this is actually about jobs and economy. the whole race is about that. we held one of our first jobs fares here because we want to connect people with jobs. when you put a title on a bill in washington that says jobs bill, you have to read the bill. those bills in particular were rejected in a bipartisan manner, and that means democrats and republicans recognize that by taking for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is
or regulating drugs as a means of doing both of those? >> i'm all for it. i don't want anything taxed at all, but, yeah, i mean, this is -- we may be getting to a pragmatic kind of prohibition era question where it became expedient to legalize alcohol so that you could be, you know, getting some of the great -- so that the federal -- the government could be getting some of the proceeds from that great cash crop, and, you know, marijuana, as we all know, the biggest cash crop in the country. again, you know, i'm looking for the liberals to step up to the plate here. i hear this thing about, oh, wait until obama's relegislated, he'll stop laughing any time anybody mentions this, the idea of legalization. it's not just a libertarian fancy. in opinion polls and in the voting in referendum in all of the states that it's come up in, it's more popular than gay marriage, more popular than a lot of stuff that moved into the consensus of acceptable discussion. it's only in official in washington that this has not been, you know, accepted, and, by the way, i hate to pick the liberals down one more time
trillion in debt. . i want to go to washington to lead and to reduce regulation and keep taxes low so businesses can expand and people can get jobs and feed their families and pay their mortgage and send their kids to school. the choice we have to make on november 6 is clear. you can choose someone like the hurricane and who took a $300 million surplus and left us with a $1 billion deficit, or you can choose me. i would like to go to washington to lead the fight to reduce spending and regulations and do things to grow this economy. i would appreciate your vote. >> i am not a politician. this is a little bit uncomfortable. i am a businessman and chairman of my local council. the negativity that has consumed this campaign bothers me. cynthia, i am tired of your criticism of old, wealthy white man. he went beyond the pale when you accuse angus king of the allied air. charlie, i am tired of your commercials ruining all of my favorite shows on abc. you do not think angus is responsible for a lot of terrible things. as an voter and citizen of maine, i will ask you to stop your attacks for t
attacked 47% of americans, his company shipped jobs overseas, his plan cuts millionaires taxes, but raises yours. he'll voucherize medicare and make catastrophic cuts to education. so remember what romney said and what his name would do. >> paul: taking our name in vein, the 15th time, the wall street journal does not agree with any of the-- >> what do you think? >> this is a-- this is a distilled message (laughter) of the campaign. >> he keeps returning to this class warfare theme and this is in ohio and thinks the outsourcing, hitting the rich. 47% plays well with less educated white men in the midwest and where he's focusing ads. >> paul: is that really a good closing argument, dan? that's not an argument for the second term. >> it's not. and i honestly do not understand it, paul. it's -- i think it reflects barack obama's antipathy toward mitt romney? >> personal? >> i think so, he's been wanting to take him down from the beginning. and he's been running the same campaign from the beginning. and voters are out there still the economy the number one issue, waiting for the president to t
of the richehe from tax statistics in early 20th century we neverc saw as large share of national income going to the richest. one in 1,000 households as we did just before the great recession. their share of national income quadrupled over this period to the point where they were pulling down about 1 in $8 in our economy. one in 1,000 households pulling down about 1 in $8 in our economy before the great recession began. >> you set one to try to solve three mysteries. who done it, who created the circumstances and conditions for the creation of a winner take all economy. and your answer to that one sentence is? >> american politics did it far more than we could believed when we started this research. what government has done and not done and the politics that produced it really at the heart of the rise of an economy that has showered huge riches on the very, very, very well off. >> it's politics, stupid? >> exactly. >> and how did they do it? >> through organized combat is the ort answer. >> and why does they do it? >> because they could. because the ortransformation of the political organizat
some of the tax breaks, such as the breaks on social security payroll taxes can be continued onward from december. i think that's very important to keep money in the hands of the middle class and enabling their spending, and jobs. >> eliot: all the miles you're talking b all of which i'm fully in accord with all predicated with president obama to guide the path. i agree, if he gets the second term. one of the premise that i view and i think you view as one of the misguided policies of mitt romney if you lower the tax breaks you get an outbreak of investment. there was a survey that disputed that. they polled it under political pressure. what is your wisdom as someone who has studied this in great death, would this bring investment as mitt romney high hypothesizes. >> no, between cutting marginal tax rates on the top and creating more jobs or economic growth. clinton increased taxes and we had jobs than when bush cut taxes. yet average economic growth during the years was better than it has been since. look at nations even in germany and europe scandinavia, they have faster economic
been on a tax holiday through the reagan and bush era and have received benefits it is time for us to properly tax commercial property owners here in san francisco so that we can make-up for the lack of funding that we receive from the state. i plan to do that by instituting a commercial rent tax in san francisco. san francisco needs to be a culturally sustainable city and environmentally sustainable, restoring uni, uni has had a structural budget deficit. we need supervisors who are going to have the political will to find the resources to fully fund our mta system. i am looking at a number of options from congestion pricing to a downtown transit tax assessment district to even a local gas tax or a local vehicle license fee so that we can fully fund our uni system and stop fixing the buses with duct tape and have a first-class transit system in san francisco. another way that we can be a leader is to encourage people to get out of the cars and on to bike by developing a 100 percent renewable infrastructure and making green building and agriculture the norm in san francisco. i have
-- the combination of tax hikes and government spending cuts scheduled to take affect in january. our market monitor this week says plan now for higher taxes soon, and higher interest rates eventually. duncan richardson is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried
proposition a is a temporary 8-year, $79 parcel tax on properties in san francisco. and that money would go directly to supporting city college of san francisco. city college is the largest work force training center in san francisco. we train students. we also help students learn english as a second language and then of course one of our primary missions is to help students, particularly low income and underserved students, move on to 4 year institutions. we serve nearly 100,000 students in san francisco and are a tremendous resource, we think, for san francisco. the last couple years the state budget cuts we faced, $53 million in the last 3 years alone, have really made it a challenge for us to keep our doors open for san francisco students and this proposition a would make a tremendous difference in addressing our fiscal problems right now. >> understood. thank you. starchild, can you present some of the thoughts around the opposition? >> sure. we all believe in people getting an education and having those opportunities be affordable and accessible to them, but city college's financ
and taxes. and perhaps no issues matter more to millions and millions of voters. so that's where we begin tonight. >> four million jobs. >> five million jobs. >> twelve million new jobs. >> twenty three million new jobs. >> good jobs. >> manufacturing jobs. >> part time jobs. >> jobs of the future. >> president obama repeatedly touts the fact that private employment has now grown every month for the past two and-a-half years. >> and what i want to do, is build on the five million jobs that we've created over the last 30 months in the private sector alone. >> mitt romney regularly belittles the president's inability to bring the unemployment rate down to much below eight percent and insists he would do better. >> it's not going to be like the last four years. jobs have been too scarce. i know what it takes to bring them back, and i'm going to do that and make sure you get a job. >> but experts say neither candidate has a quick fix for america's sluggish job market, at last count there were an estimated 23 million americans looking for a job or for more work. >> we're dealing with mass unem
a volunteer service to help income ineligible people get taxes done for free. last year, completed 700 tax returns saving the elderly, working families, and students at least $133,000. the program's total economic impact was nearly $1 million. thank you, kathy. [applause] finally, i want to introduce dr. report paulson, professors in the college of agriculture sciences. could you please stand? their inspiring collaboration discovered what could be a promising treatment for leukemia. in laboratory tests, the compound they developed targeted and killed leukemia stem cells without relapse. their team, including undergraduate, as well as graduate students is now working to move this compound into clinical trials as soon as possible. thank you, bob and sandy. [applause] these are penn staters leading us into the future. they are the people i work for every day. they are the reason i'm here today, and they are just a few of the penn staters who will not allow anything to stop them from changing our world for the better. with that in mine, i want to spend a few minutes looking ahead because we're
to balance our budget and get our state back on track. we didn't raise taxes, we cut taxes. [applause] here is my second reason and this one is personal for me. my youngest son is 18-year-old and he voted for the first time this year in a presidential election. a couple of weeks ago before a friday night football game his friend were at our house and they were in his room and i decided i wonder when they're talking about, girls, the football game t next concert they're going to go to, maybe kid rock. but i went upstairs and i was listening outside the door and they didn't know i was there. they were talking about this election because they know their future is is riding on four more days. if i could talk to the women in the audience. and i see there are just a few women here tonight. you know the democrats have talked a lot lately about this war on women. let me tell you what i think the war on women is. for the first time in 17 years we have more women living in poverty. we have nearly 6 million women unemployed today and over 400,000 of those women have lost their jobs in the last four ye
to nothiprognosticati melber, neera tanden, kate ton dawson. let's start with the tax plan. if there is something i believe mitt romney is invested in doing, it is the tax plan. he claims it is revenue neutral. >> you have to claim certain things. this goes for both sides. there is this thing called business cycle. this is what we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and ther
. >> joe biden responded to romney this way today. >> called it territorial tax. it's the bain way. it means if you're going to build a factory you go find -- this is the fact. you go find a currentory with the lowest tax rate and the cheapest wages. build it there, pay those taxes and you never have to pay a penny in tax in the profit you make when you bring them back home. why would anybody build -- why would anybody build a factory here? ladies and gentlemen, the experts point out, that new territorial tax will create 800,000 jobs. all of them abroad. i'm not making up, all of them abroad. 800,000. i found it fascinating at their convention when governor romney said the first thing i will do when i'm elected president, i will take a jobs tour. it's going to have to be a foreign trip. >> joining me now ezra klein and eugene robinson. it was a strong week for the conspiracy theoryists about the unemployment numbers. first the theory was that the president would use hurricane sandy and its effects possibly on washington, d.c. as an excuse for delaying the jobs report until after th
the possibility of even higher taxes. and there's a lot of reasons i hate higher taxes, the biggest reason is i know where that money goes in that city and it's time to clean it up down there. the last thing we need is higher taxes and regulators. instead of embracing the people that give people opportunity for jobs, they pound on us, they pound on small business people and stunt our growth. but we have another choice here tonight. and that's why there is so many people here tonight. you know it's about that american dream. you know government is not the answer. government is the last resort and not a first resort. and we know we're stronger when we run america from the bottom up. when people have more money in their pocket. when families have more wealth and people get jobs. and the greatest issue in america today is jobs. and the reason is mom and dad are working, the family is stronger t children are stronger. it all works for a stronger america and stronger communities. that is what mitt romney and paul ryan will give us, stronger families and stronger communities. and it's not theory. i ha
, the debt, the taxes, how we'll get revenues, versus costs and the second one, the regulatory wall, no one is talking about. the wall that is going to hit when ozone is pushed back, 201 3. when america has a chance, right now, to have it be the american century. the american century, gas and oil break through with fracking and everything, has a chance to change the world. and we have a chance to be the most competitive country in the world. with low cost energy, across all businesses, with a great chemical industry, coming back, but that all depends on how we handle regulation. and, this administration, more important to our future, steven chu, people who will be regulating the hell out of the... >> neil: that is the real problem for businesses, is that, the health care and everything else, just going to be regulated and it is going to put a crimp on everything. regulated to death and put a crimp on everything they do. >> that is the most important thing. we have a chance to turn america totally around. >> neil: what would happen if barack obama won, jack? >> there's a very -- i don't know
can well afford to pay higher taxes. i will never understand how democrat and republican, especially republican, i will never understand how or and middle-class people can vote against their pocketbooks and the cheerleaders for lower taxes for wealthy people. host: that is ron in new york. if you could to the front page of the indianapolis star, piloting the senate race there. they said results are flawed. they indicate laws wants a toss up is now a double digit lead for his opponent. most significantly, women voters are driving the divide, according to the new poll. joe donnelly with 47% support. richard murdock support. and the libertarian getting about 6% of that support. silver like indiana. paul on our line for republicans. good morning. caller: good morning. host: your reactions on what is going on in your state? caller: our country was built on a religious freedom and also, in our old west -- and in the history of becoming a free country, a lot of our beliefs were made of on the bible. they say life begins at conception. and have been hearing democrats talk about rich people.
. heinrich: my priorities are new mexico's priorities, protecting social security and medicare, tax cuts for the middle-class, keeping promises to veterans and making college more affordable for everyone. heather wilson has all the wrong priorities. you voted for the wall street bailout and the george bush tax cuts that exploded our deficit and now she wants even more tax breaks for millionaires. she supports 0 program called pat cap and balance that would require deep cuts to social security and medicare. i will never balance the budget on the backs of our seniors. medicare and social security argentine went. they're a promise we made to our seniors and a promise i intend to keep. i come home every weekend to meet with new mexicans, old job fairs, raise my family. i am always fought for the things that matter most to the people of the state and if you send me to the united states senate i will continue that fight and be honored to have your support. >> moderator: representative will some. it could 21 i see an opportunity society opposite safety net. i support social security and medicar
to 150,000 city tax dollars then spend that money on consultants in walnut creek or in san jose which is being done now? i'm not one of the quarter million dollars candidates but i've raised several thousand dollars, buttons, website, campaign essentials all produced here in san francisco. homelessness and panhandling, when friends visit from out of town they are aghast at the number of people on the streets. some are truly destitute. on the other end of the spectrum, some have homes. compassion, resources and outreach are crucial, but we also need city government to know that we won't tolerate people fighting, stealing, making messes or harassing residents, shoppers and visitors. i applaud the mayor for recently working with police, dph and the courts to institute mandatory treatment for the most chronic and costly individuals. but we also need law enforcement to tell people that they can't rome around town or come in from outside the city to block sidewalks and beg for change. this is a tough topic to tackle without sounding like some uncompassionate right wing jerk, but the situati
, first of all, the president's tax increases are going to hit our economy just like they are going to hit ohio very hard. two-earner families are going to get hit hard and our small businesses will get hit hard. we have a big small tech industry and the tax increases will put our small businesses in jeopardy at the same time it -- >> let me interrupt you here -- virginia unemployment though is among the lowest in the country at 5.6%, so how will you combat that? >> well, virginia's unemployment is low because we've observed what president obama didn't and did the absolute opposite. we cut spending. we cut taxes. we made jobs our number one focus which is why we're one of the number one places to do business, number one place for jobs, but, again, just like governor kasich and the folks here, we need a president who will work with us, not work against us, and that's exactly -- we can't afford all the taxes from obama care, from the president wants to increase taxes at the same time in virginia. he's going to cut up to 200,000 defense jobs which in virginia are a key thing, not just for our
been financing this paycheck deduction measure and financing the anti-jerry brown tax measure, though he apparently didn't think he was. that's another story. and yet tom, the hedge fund manager, financing prop 39, i think that's the only one that looks safe at this point. and up got to wonder, i mean, what is it they want? do they see a civic duty, do they see a political future for them? tom, they wonder what he's going to do. but jerry brown is a guy who has been vexed by the munger family. in this race. right? molly munger's prop 38 could be drawing support away from him and her brother charlie munger is financing the campaign apparently to kill his tax measure. >> belva: did one of them put more money in this week? >> the brother, charles, into this political action committee called the small business action committee. i'm not sure there are any small businesses involved in it. that's been fueling this no on 30, yes on 32 mix. this is a tremendous amount of money. and i don't think any of us who watch california politics, the folks there in the studio or me, are surprised this is
's jana katsuyama is live now in lafayette and tells us opponents of the tax measure are at work to get out the vote, jana. >> reporter: those teachers and governor brown are campaigning hard. but a recent poll show support slipping. today we found people on both sides of this issues battling for both. >> reporter: in contra costa county teachers stood on street corners for hours tonight urging drivers to support proposition 30. these teachers say if prop 30 does not pass, schools will have to cut costs. >> we're talking about 11 fewer days to teach the math, science, reading and language arts that is really important for our students. >> i would say this is about the worse i've seen. or it will be if this doesn't pass. >> reporter: governor brown put proposition 30 on the ballot to raise $6 billion that has been allocated this year for csu budgets. it would also increase the state's sales tax. the tax increase would not apply to gasoline or food. >> no on proposition 30, thank you for voting. >> the funding isn't guaranteed to go to the schools. my biggist concern is giving everyone mo
the totally unimpeachbly nonpartisan and widely respected tax policy center did a report that concluded that mitt romney's tax plan would be great for rich people, and would hurt everybody else, the romney campaign's response to that was to go guns blazing against the nonpartisan tax policy center. just attacking them as an institutions. you don't like the message, shoot the messenger. last month after the bureau of labor statistics announced that the unemployment rate was going down, do you remember what the response was on the right? the right started attacking the bureau of labor statistics, as if they were the problem, because they said the unemployment rate was going down. it used to be that democrats and republicans would argue about how best to deal with some factual thing, some problem facing the nation. now, republicans do it differently. they do it differently than everybody else. this is not a mirror image problem on both sides. republicans do a specific thing. they refuse to acknowledge that a factual thing is a factual thing. and this phenomenon on the right, that we got so
and tax collector and obtain a bond that means the city has the exclusive beneficiary. that's something that we need to happen to protect the city. the bonding requirement is there for that very purpose to safeguard the city in case an operator fails to remit the taxes and collects on behalf of the city. the bonding requirements currently range from 20,000 to $800,000 depending on the annual gross receipts from the parking station. since these bonding rates were passed, the financial crisis has made it quite difficult for certain operators to get a large line of credit without actually owning significant assets. this has disadvantaged in particular many small parking operators who do not have sufficient capital to obtain the necessary bond. it has also impacted larger operators who have operated in good faith and have a proven record of responsible third-party tax collection. so, in order to continue to protect the city -- so, we essentially have to strike the right balance between requiring the bond, but also recognizing the challenges that some of these operators face. and in order to
. only higher taxes on capital as well as on labor. that's a bad mix. >> so that's the answer that the republicans are putting forward. fiscal and government restraint will kick up your gdp growth to the extent you'll create more jobs. ken, do you buy that? >> well, i -- looks to me like their plan is to cut taxes. you hope you get really fast growth. i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan. there is so much debt out there. there is so many headwinds. there's europe, the a administration would do less on cutting taxes if at all and probably raise spending. that's really where the difference is between the two. one of them wants a smaller government. one of them sees the government doing more things. that's a big difference. >> you know more than i do. quick answer, do you think either of them will get the 12 million jobs in four years that they're promising? >> it would be a very good outcome. i think it's a long shot, frankly. >> your answer is smarter than mine. i said i'd wear a d
-capita of these workers was in the district of columbia. why are they not being honest tax if we're serious about talking about job creation and put a moratorium on this foreign labor, all the candidates only have this from virginia. he has said specifically that he would put a moratorium on foreign guest workers. this makes a lot of sense. these people are really genius and top-notch, we are have the old one. this hb1 is splicing american. if you are an older white male, forget about getting a job in silicon valley. that assessment taken over by foreign workers. this is a big issue that it will affect your boat? >> the obama administration has been somewhat concerned with the screening. in terms of coming out and saying we're going to be serious about putting american citizens first and line both candidates have not said so. we're concerned that romney is off for stapling and automatic green card to every foreign students. we are hearty graduating more than enough grads in the disciplines. according to one study, there are 101,000 u.s.-born individuals within engineering degree who are unemployed. they'
reduced taxes, and eliminate the death tax in ohio. the has been the biggest job trend in ohio and anywhere else in the nation. i think the governors are leading the change effort in this country, and have to continue to do that. but the federal government has been an impediment, in many cases, through its regulations and its headwinds. many in the state have predicted them from creating the jobs necessary in this country to push our economy and improve the economy over the next four years. host: breaking news this morning. we have been talking about the jobs numbers coming out today. 7.9%, slightly up from 7.8%, the unemployment rate, from september. showing 171,000 jobs added in october, this according to the u.s. bureau of labor statistics this morning. i want to get your quick reaction to those numbers. guest: first of all, that is virtually no change. yes, it is an uptick, and it was down the month before. but unemployment is staying basically around 8%. if you count the people of -- who have given up looking for jobs in this country, we have over 20 million people who are
in britain where critics say starbucks is paying miniscule sums in tax despite ending billions in recent years. in germany, the company pays no tax. in 2011, despite a turnover of 117 million euros, the company reported a loss of more than 5 million. there's been a turnaround in german car sales in october. although sales of new cars have been in the slow lane for most of 2012. last month, german salesmen sold 260,000 new cars, a slight increase on september's figure. still, sales for the first 10 months of the year are down on last year's figure. car sales are a key indicator of how well the german economy, europe's largest, is traveling. >> chancellor merkel has been meeting with the heads of the country's 16 federal states. >> she wants a consensus on how germany will meet its energy needs following the phase-out of nuclear power in 2020. many german states have plans to expand wind energy and other alternative sources of power. >> but that are major concerns that the cost of energy for consumers could skyrocket. >> it was high noon at the chancellor's office in berlin. demonstrators
everybody talks about. you know, the debt, the taxes, how are we going to handle revenues versus costs. the second one, the regulatory wall no one's talking about. the wall that's going to hit with ozone pushed back to 2013, when american has a chance the right now to have this be the american century, this gas and oil break through with fracking and everything has a chance to change the world and we have a chance to be the most competitive country in the world with low cost energy across all businesses, with a great chemical industry, coming back. but that all depends on how we handle regulation. and this administration, more important to our future, lisa jackson, hilda solis, steven chu, regulating-- >> and you say it's going to be regulated to death and put a crimp on everything we do. >> this is the most important election of my life. >> neil: of your entire life? >> my whole life. >> neil: even the lincoln one? >> i knew you were going there, go to my softer underbelly. but neil, we have a chance to turn america totally around. >> neil: what would happen if barack obama won, jack?
Search Results 0 to 49 of about 169 (some duplicates have been removed)